The decline in exports is mainly on account of poor demand in India's key destinations -- the Europe and the US -- and it may take some more months for the situation to improve. The demand scenario is "not looking very good as far as Europe is concerned, and the US also we have seen a decline in demand. "For the next 2-3 months, I think the demand scenario does not look very optimistic," DGFT (Director General of Foreign Trade) Santosh Kumar Sarangi told reporters.
Two treasure hunters claim to have found a mysterious Nazi train which disappeared on its way to Germany from Hungary in 1945 carrying guns, gems and other valuable items, including paintings estimated to be worth $200 million (about Rs 1,300 crore).
With so many releases in 2023, not all got their due. Subhash K Jha picks his underrated films of the year.
Images from Day 3 of the fourth Test between India and England in Ranchi on Sunday, February 25.
Once a stock market darling, the jewellery chain heads for liquidation.
Raima Sen surprised her social media followers by revealing some 'hidden gems' from her albums.
His elegant body of work, LIVE and recordings, is a tuneful treasure whose melody and memory lives on. Fondly remembering the late singer and 10 of his superhit songs.
The next Budget is likely to see significant changes in the duty structure for the gems and jewellery sector
Indian pharmaceutical firms foresee minimal disruptions in trade with Israel despite escalating regional tensions. Rising crude prices and export shipping insurance premiums have raised concerns, but the pharmaceutical sector remains optimistic. Pharmaceutical exports from India to Israel in FY 2020-21 amounted to $32.5 million, which represents only a minor segment of India's overall pharma exports.
With land acquisition completed and infrastructure work streamlined, India's bullet train dreams are slowly, but finally, inching closer to reality.
Once a quality stock has been bought, the next challenge is to hold on to it -- no mean feat in this age of information overload and incessant noise.
Get your lowdown of what's happening in Tamil cinema!
'Pankaj Udhasji took the Ghazal to the masses. He was a wonderful singer, but more importantly he was a wonderful human being.'
In august last year, the government had raised import duty on gold and silver to 10 per cent to curb the surging imports and burgeoning CAD.
2019 was the Bharatiya Janata Party's breakout year, when it stretched the boundaries of what was thought possible and ended up with 303 seats on its own steam. Now it is forced to play defence, on a pitch queered by too many variables, asserts Prem Panicker.
Corporate margins and profits in India remain vulnerable to changes in crude oil prices in the international market. Historical quarterly data from listed companies (excluding banks, finance and insurance, oil and gas, and power sectors) indicate an adverse correlation between corporate margins and crude oil prices.
The exports of gems and jewellery during the first quarter ended June 30, 2003 showed only a marginal rise of 3.85 per cent at $1,880.45 million as against $1,810.78 million during the corresponding period last year.
A P J Abdul Kalam was a 'rashtra-ratna' (nation's gem) and the best tribute to him would be to realise his dreams for the country, Prime Minister Narendra Modi on Tuesday said as the nation mourned the demise of the former president.
After playing a character who murders her husband in Jaane Jaan, Kareena Kapoor crosses over to the other side, to play a detective in The Buckingham Murders.
The country's imports from Russia almost doubled to $25.69 billion during the April-August period this fiscal due to increasing inbound shipments of crude oil and fertiliser, according to the commerce ministry data. With this, Russia has become India's second-largest import source during the first five months of this fiscal. The imports were $13.77 billion during April-August 2022.
In one of the first global acquisitions by an Indian firm in the retail space, gems and jewellery major Gitanjali Gems has bought US-based Samuels Jewellers for Rs 200 crore
India were sitting pretty on 473/8 in 120 overs at stumps on the second day for an overall lead of 255 runs.
After the first quarter was washed out, exporters are now keeping their fingers crossed over a turnaround in outbound shipments to at least North America from September onwards. This comes even as other key destinations such as Europe may take longer to revive in FY24. Slowdown in key economies, as well as geopolitical tensions resulted in sluggish demand for Indian goods.
A strong appetite for gold on Friday's Dhanteras is expected this year due to auspicious reasons and geopolitical concerns, continuing the 2022 trend driven by pent-up COVID demand. Compared to last year's Dhanteras, gold prices have jumped 22 per cent and silver prices by 21 per cent, respectively. "Gold and silver are good for portfolio diversification, especially in times of geopolitical turbulence.
Fight the high season and ridiculous prices with these simple and easy travel hacks.
All fingers seem to point at Katrina Kaif's new film Merry Christmas, which just announced its release date.
A new era of Indian equity market outperformance compared to China "appears to be dawning", according to Morgan Stanley. The firm has upgraded India to overweight in its Asia Pacific-excluding Japan (APxJ) list, making it their most preferred market not only in the region but also in the global emerging market (GEM) pack. India now holds the top position in this category, with an overweight of 75 basis points, a significant increase from nil previously.
God bless Ritesh Batra, raves Sukanya Verma.
Actor-turned-designer Poornima Indrajith has some Onam style tips as well.
Ever wondered why Hrishikesh Mukherjee's 1973 musical Abhimaan, the story of two singers who happened to be married to one another, has three voices singing for Amitabh Bachchan but only one voice, Lata Mangeshkar, for Jaya Bachchan?
Go for the explosions and the gun play, and stay for the message that reminds us, without ever being heavy-handed, that we could all stand to practice a little more understanding in our lives.
Over 14,000 policemen were deployed across the city for the security of Adityanath.
Sukanya Verma recaps all those events from 25 years ago.
Malaika had an extraplanetary glow about her.
Jewellers in India, the world's second largest gold consuming country after China, have started receiving more inquiries for purchase of gold or silver immediately after the Reserve Bank's announcement to withdraw Rs 2,000 notes from circulation. However, there is no panic buying of the precious metal unlike the situation witnessed in 2016 during demonetisation, jewellers body GJC said on Sunday. In fact in the last two days, the actual gold purchase has been less in exchange of Rs 2,000 notes due to strict Know your Customer (KYC) norms although sources said some jewellers have started charging a 5-10 per cent premium, taking the gold prices to Rs 66,000 per 10 grams level.
Looking for Treasures From Mizoram to embrace through 2024 and beyond.
Contracting for the third month in a row, India's exports declined by 8.8 per cent to $33.88 billion in February due to slowdown in global demand, even as the trade deficit touched about a year low of $17.43 billion during the month, according to official data released on Wednesday. Imports also declined by 8.21 per cent to $51.31 billion as against $55.9 billion recorded in the corresponding month last year. Cumulatively, however during April-February this fiscal, the country's overall merchandise exports rose by 7.5 per cent to $405.94 billion.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances